Civic Intelligence

Sharada Educational Foundation

EIN 85-4076101 • 501(c)3 • San Antonio, TX

Profile

To promote, foster, encourage, publish, teach, and disseminate sanatan vedic philosophy, as expressed in the classical principals of the vedanta.

9086 Vista VerdeSan Antonio, TX 78255

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.87x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

22.60x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

53rd percentile

4.7%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

71%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,272,632

Up $192,728 (+4.7%) from 2022

Liabilities

Up

$3,716,132

Up $165,642 (+4.7%) from 2022

Net Assets

Up

$556,500

Up $27,086 (+5.1%) from 2022

Revenue

Up

$164,429

Up $68,388 (+71%) from 2022

Expenses

Up

$137,343

Up $29,803 (+28%) from 2022

Net Income

Up

$27,086

Up $38,585 (+336%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2021: $2,140,913Liabilities 2021: $1,600,000Net Assets 2021: $540,9132021Assets 2022: $4,079,904Liabilities 2022: $3,550,490Net Assets 2022: $529,4142022Assets 2023: $4,272,632Liabilities 2023: $3,716,132Net Assets 2023: $556,5002023

Highlighted filing

2023

Assets$4,272,632
Liabilities$3,716,132
Net Assets$556,500

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $552,030Expenses 2021: $11,117Net Income 2021: $540,9132021Revenue 2022: $96,041Expenses 2022: $107,540Net Income 2022: -$11,4992022Revenue 2023: $164,429Expenses 2023: $137,343Net Income 2023: $27,0862023

Highlighted filing

2023

Revenue$164,429
Expenses$137,343
Net Income$27,086

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$164,429
Mission and Program Overview

Mission

To promote Vedanta philosophy through education discourse and structured studies.

To promote, foster, encourage, publish, teach, and disseminate sanatan vedic philosophy, as expressed in the classical principals of the vedanta.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,904,055$2,878,952▼ $25,103
Investments in Publicly Traded Securities$1,141,297$1,347,680▲ $206,383
Pd in Cap Srpls Land Bldg Eqp Fund$350,000$350,000→ $0
Rtn Earn Endowment Incm Other Fnds$179,414$206,500▲ $27,086
Cash and Non-Interest-Bearing Accounts$19,638$36,508▲ $16,870
Accounts Receivable$2,263$2,263→ $0
Total Assets$4,079,904$4,272,632▲ $192,728
Other Assets Total$12,651$7,229▼ $5,422
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,550,490$3,716,132▲ $165,642
Total Liabilities$3,550,490$3,716,132▲ $165,642
Net Assets / Fund Balance
Total Net Assets Fund Balance$529,414$556,500▲ $27,086
Total Liabilities and Net Assets / Fund Balance$4,079,904$4,272,632▲ $192,728

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$965,567$44,261-
Land$1,912,596--
Equipment$789$197-
Other Assets Org$7,229--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,141,297$30,923▲ $175,460-$1,347,680
2022$506,436$755,000▼ $120,139-$1,141,297
2021-$501,000▲ $5,436-$506,436
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ramkrishna PrakashPresident
Durga SuryadevaraSecretary
Swami ShivatmanandaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,923
Program Service Revenue
$130,341
Investment Income
$3,165
Other Revenue
$0
All Other Contributions
$30,923
Change in Net Assets
$27,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,343
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$97,441--$97,441
Depreciation Depletion$31,511--$31,511
Fees for Services Management$8,011--$8,011
Other Expenses$266--$266
Total Functional Expenses$137,343$0$0$137,343
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Section b 11 bform 990 and all related schedules are emailed to all the board members.any suggestions and corrections received from them are discussed and incorporated as appropriate before filing with irs.

Governing documents etc available to public Part VI line 19

Section c 19sef has made its governing documents i.e. The by-laws and financial statements avaiable to those who would like to view them by making an appointment during the regular business hours.

Part VI response or note to any other line in Part VI

Section a 9although all board members can be reached at the organizations address, the following are the individual addresses for the board:chairperson - swami shivatmananda, 9086 vista verde, san antonio, tx 78255president - ramkrishna prakash, 10609 senna hills dr, austin, tx 78733secretary - durga suryadevara, 319 cinnamon oak, shavano park, tx 78230treasurer - nimisha rana, 25510 singing rain, san antonio, tx 78260 line 4a, program services-------------------------this tax exempt organization is organized and operated exclusively for educational and charitable purposes, more specifically:a. To establish vedic knowledge in the usa and canada through a scientific approach with research on vedas, upanishads, darshans and all related scriptures and literature.b. To propound true indian culture and philosophy to the western world.c. To study and research subjects associated with yajna, rituals, and importance of vedic traditions and to award certificate, degree and diploma courses for students in various disciplines of yajna, rituals, and vedic traditions.d. To teach mediation as a technique to attain sound physical and mental health.

Filing and Contact Details

Filer

Filer Name
Sharada Educational Foundation
EIN
85-4076101
Address
9086 VISTA VERDE, SAN ANTONIO, TX 78255

Signing Officer

Name
Ramkrishna Prakash
Title
President
Phone
2814351050
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
8

Preparer

Firm
Adam Valdez CPA PLLC
Address
8920 US Highway 87 East Suite 1, San Antonio, TX 78263
Preparer
Nicholas Carlson
Phone
2106485500
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

E. To set up an education system based on values of spritualism and justice beyond the boundaries of cast, creed, class and religion for individual development.f. To provide lodging, boarding and education at a lower cost to students from the economically weaker sections of society.g. To organize youth and adult camps, seminars/workshops and competitions to introduce vedic culture & amp; literature,foundational values, and themes in indian philosophy, leading to building moral charter of the individuals.to provide weekly,monthly, semester-wise, yearly or as-needed-basis training to the students of the founadtion to help their professional and robust development in indian spiritual and ritualistic knowledge. H. To work with other companies and organizations that have similar aims and objectives.i. To write and publish research and original writing/compilation to spread the vedic knowledge among the general public and professionals.j. To establish, maintain, and operate schools, to conduct classes, discussions groups, camps, retreats, workshops,seminars and other related activities that further specific purpose set forth in section 3 (b) above.k. To use electronic and social media to disseminate information about to promote its purpose.

Financial Statement Notes

General Explanation Attachment

The investment funds will be also used to develop infrastructure to enable the services, as listed under form 990, part iii, program service activity number 1.in addition, the endowment will be used for operations and infrastructure maintenance as well.infrastructure includes but is not limited to, acquisition and development of land and buildings to enable the delivery of the aforementioned services.

Raw XML Appendix314 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SECTION B 11 BFORM 990 AND ALL RELATED SCHEDULES ARE EMAILED TO ALL THE BOARD MEMBERS.ANY SUGGESTIONS AND CORRECTIONS RECEIVED FROM THEM ARE DISCUSSED AND INCORPORATED AS APPROPRIATE BEFORE FILING WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SECTION C 19SEF HAS MADE ITS GOVERNING DOCUMENTS I.E. THE BY-LAWS AND FINANCIAL STATEMENTS AVAIABLE TO THOSE WHO WOULD LIKE TO VIEW THEM BY MAKING AN APPOINTMENT DURING THE REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2E. TO SET UP AN EDUCATION SYSTEM BASED ON VALUES OF SPRITUALISM AND JUSTICE BEYOND THE BOUNDARIES OF CAST, CREED, CLASS AND RELIGION FOR INDIVIDUAL DEVELOPMENT.F. TO PROVIDE LODGING, BOARDING AND EDUCATION AT A LOWER COST TO STUDENTS FROM THE ECONOMICALLY WEAKER SECTIONS OF SOCIETY.G. TO ORGANIZE YOUTH AND ADULT CAMPS, SEMINARS/WORKSHOPS AND COMPETITIONS TO INTRODUCE VEDIC CULTURE & AMP; LITERATURE,FOUNDATIONAL VALUES, AND THEMES IN INDIAN PHILOSOPHY, LEADING TO BUILDING MORAL CHARTER OF THE INDIVIDUALS.TO PROVIDE WEEKLY,MONTHLY, SEMESTER-WISE, YEARLY OR AS-NEEDED-BASIS TRAINING TO THE STUDENTS OF THE FOUNADTION TO HELP THEIR PROFESSIONAL AND ROBUST DEVELOPMENT IN INDIAN SPIRITUAL AND RITUALISTIC KNOWLEDGE. H. TO WORK WITH OTHER COMPANIES AND ORGANIZATIONS THAT HAVE SIMILAR AIMS AND OBJECTIVES.I. TO WRITE AND PUBLISH RESEARCH AND ORIGINAL WRITING/COMPILATION TO SPREAD THE VEDIC KNOWLEDGE AMONG THE GENERAL PUBLIC AND PROFESSIONALS.J. TO ESTABLISH, MAINTAIN, AND OPERATE SCHOOLS, TO CONDUCT CLASSES, DISCUSSIONS GROUPS, CAMPS, RETREATS, WORKSHOPS,SEMINARS AND OTHER RELATED ACTIVITIES THAT FURTHER SPECIFIC PURPOSE SET FORTH IN SECTION 3 (B) ABOVE.K. TO USE ELECTRONIC AND SOCIAL MEDIA TO DISSEMINATE INFORMATION ABOUT TO PROMOTE ITS PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SECTION A 9ALTHOUGH ALL BOARD MEMBERS CAN BE REACHED AT THE ORGANIZATIONS ADDRESS, THE FOLLOWING ARE THE INDIVIDUAL ADDRESSES FOR THE BOARD:CHAIRPERSON - SWAMI SHIVATMANANDA, 9086 VISTA VERDE, SAN ANTONIO, TX 78255PRESIDENT - RAMKRISHNA PRAKASH, 10609 SENNA HILLS DR, AUSTIN, TX 78733SECRETARY - DURGA SURYADEVARA, 319 CINNAMON OAK, SHAVANO PARK, TX 78230TREASURER - NIMISHA RANA, 25510 SINGING RAIN, SAN ANTONIO, TX 78260 LINE 4A, PROGRAM SERVICES-------------------------THIS TAX EXEMPT ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES, MORE SPECIFICALLY:A. TO ESTABLISH VEDIC KNOWLEDGE IN THE USA AND CANADA THROUGH A SCIENTIFIC APPROACH WITH RESEARCH ON VEDAS, UPANISHADS, DARSHANS AND ALL RELATED SCRIPTURES AND LITERATURE.B. TO PROPOUND TRUE INDIAN CULTURE AND PHILOSOPHY TO THE WESTERN WORLD.C. TO STUDY AND RESEARCH SUBJECTS ASSOCIATED WITH YAJNA, RITUALS, AND IMPORTANCE OF VEDIC TRADITIONS AND TO AWARD CERTIFICATE, DEGREE AND DIPLOMA COURSES FOR STUDENTS IN VARIOUS DISCIPLINES OF YAJNA, RITUALS, AND VEDIC TRADITIONS.D. TO TEACH MEDIATION AS A TECHNIQUE TO ATTAIN SOUND PHYSICAL AND MENTAL HEALTH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI response or note to any other line in Part VI
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Adam Valdez CPA PLLC
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicholas Carlson
ReturnHeader/ReturnTs02024-11-14T15:59:14-05:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
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